iShares Expanded Tech-Software Sector

IGV • BATS

iShares Expanded Tech-Software Sector is an exchange-traded fund on BATS. As of Q3 2025, 641 institutional investors hold shares in this ETF, with total holdings valued at $6.4B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $589.7M.

Overview

Overview of institutional ownership in IGV as of Q3 2025

All Institutions

Institutions: 641
Value Held: $6.4B
Shares Held: 57.4M
Avg Position: $10.1M
Median Position: $753.3K

Hedge Funds

Hedge Funds: 28
Value Held: $160.0M
Shares Held: 1.4M
Avg Position: $5.7M
Median Position: $1.1M

Biggest Investors

Institutions with the largest positions in IGV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$589.7M 0.04% of portfolio	5.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$419.2M 0.03% of portfolio	3.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$314.3M 0.02% of portfolio	2.7M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
M Migdal Insurance & Financial Holdings Ltd. Institution	-	$312.8M 3.97% of portfolio	2.7M shares	Q4 2015 Held for 10 years	$7.9B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$288.5M 0.23% of portfolio	2.5M shares	Q4 2019 Held for 6 years	$126.09B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$255.0M 0.04% of portfolio	2.2M shares	Q2 2014 Held for 11y 6m	$691.37B
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	Edward Joseph Keefe CFO	$233.2M 1.18% of portfolio	2.0M shares	Q4 2024 Held for 1 year	$19.7B
CITIGROUP INC Institution	Jane Fraser CEO	$232.2M 0.16% of portfolio	2.0M shares	≤ Q2 2013 Held for 12y 6m+	$144.32B
C Clal Insurance Enterprises Holdings Ltd Institution	-	$216.3M 1.84% of portfolio	1.9M shares	Q4 2024 Held for 1 year	$11.7B
L LPL Financial LLC Institution	-	$214.0M 0.06% of portfolio	1.9M shares	≤ Q2 2013 Held for 12y 6m+	$340.07B

Net Capital Flow

Institutional buying and selling activity for IGV in Q3 2025

Traded: −$1.5B
Buyers: 244
Sellers: 322
Total Bought: +$656.9M
Total Sold: −$2.1B
Avg Position: $8.9M

Biggest Buyers

Institution	Net Bought	Current Position
B BNP PARIBAS ARBITRAGE, SA Institution	+$238.8M +2.1M shares	$288.5M 2.5M shares
CITIGROUP INC Institution	+$128.1M +1.1M shares	$232.2M 2.0M shares
C CI Private Wealth, LLC RIA/Wealth	+$37.0M +322.1K shares	$50.6M 440.0K shares
Foundations Investment Advisors, LLC RIA/Wealth	+$31.8M +276.1K shares	$92.5M 804.6K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	+$21.5M +187.2K shares	$21.5M 187.2K shares
P Private Capital Advisors, Inc. RIA/Wealth	+$18.0M +156.3K shares	$18.0M 156.3K shares
J Jump Financial, LLC Institution	+$17.5M +152.1K shares	$17.5M 152.1K shares
BB&T CORP Institution	+$14.0M +-1.6M shares	$14.0M 121.9K shares
Warren Averett Asset Management, LLC RIA/Wealth	+$10.6M +92.1K shares	$41.3M 358.8K shares
H HRT FINANCIAL LLC Institution	+$9.8M +85.3K shares	$10.7M 93.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$324.2M −2.8M shares	$38.2M 332.5K shares
BANK OF AMERICA CORP /DE/ Institution	−$317.5M −2.8M shares	$589.7M 5.1M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$229.4M −2.0M shares	$47.0M 408.3K shares
Janney Montgomery Scott LLC RIA/Wealth	−$185.0M −1.6M shares	$29.1M 253.0K shares
H Harel Insurance Investments & Financial Services Ltd. Institution	−$105.8M −920.3K shares	$82.4M 716.7K shares
JPMORGAN CHASE & CO Institution	−$78.9M −686.4K shares	$314.3M 2.7M shares
UBS Group AG Institution	−$76.2M −662.2K shares	$196.3M 1.7M shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	−$61.9M −538.2K shares	$42.7M 371.5K shares
MORGAN STANLEY RIA/Wealth	−$61.8M −537.5K shares	$419.2M 3.6M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$60.6M −553.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited IGV in Q3 2025

New Positions: 36
New Value: $40.3M
Exited Positions: 87
Exited Value: $259.1M

New Positions

Institution	Position Value
P Private Capital Advisors, Inc. RIA/Wealth	$18.0M 156.3K shares
B BlueCrest Capital Management Ltd Institution	$5.3M 46.0K shares
O OneAscent Wealth Management LLC RIA/Wealth	$4.4M 37.9K shares
Dynamic Wealth Strategies, LLC RIA/Wealth	$2.1M 18.7K shares
O OneAscent Financial Services LLC RIA/Wealth	$2.0M 17.7K shares
E Eisler Capital Management Ltd. Institution	$1.8M 15.5K shares
C CARY STREET PARTNERS FINANCIAL LLC Institution	$1.3M 10.9K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$769.0K 6.7K shares
Soltis Investment Advisors LLC RIA/Wealth	$348.0K 3.0K shares
S Strategic Financial Concepts, LLC RIA/Wealth	$337.3K 2.9K shares

Exited Positions

Institution	Previous Position
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	$60.6M 553.3K shares
L & S Advisors Inc RIA/Wealth	$23.1M 211.0K shares
M Maxi Investments CY Ltd Institution	$23.0M 209.6K shares
Ardmore Road Asset Management LP Hedge Fund•Long/Short	$21.9M 200.0K shares
Gimbal Financial RIA/Wealth	$16.1M 147.0K shares
TTP Investments, Inc. RIA/Wealth	$11.6M 106.0K shares
P Perbak Capital Partners LLP Institution	$11.2M 102.6K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$10.3M 93.6K shares
Q Quadrature Capital Ltd Institution	$6.8M 61.6K shares
Horizon Wealth Management, LLC RIA/Wealth	$6.1M 55.9K shares

Options Activity

Institutions with the largest Call and Put options positions in IGV as of Q3 2025

Call Positions: 19
Call Value: $352.1M
Put Positions: 26
Put Value: $694.7M

Call Positions

Institution	Position Value
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	$115.0M 10.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$84.1M 7.3K contracts
J JANE STREET GROUP, LLC Institution	$47.7M 4.2K contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$46.0M 4.0K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$25.3M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$23.7M 2.1K contracts
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$5.2M 450.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$1.4M 121.0 contracts
UBS Group AG Institution	$1.2M 100.0 contracts
Marshall Wace LLP Institution	$1.1M 94.0 contracts

Put Positions

Institution	Position Value
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	$230.0M 20.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$121.1M 10.5K contracts
J JANE STREET GROUP, LLC Institution	$115.3M 10.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$101.0M 8.8K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$49.1M 4.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$27.3M 2.4K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$16.1M 1.4K contracts
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	$11.5M 1.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$9.8M 850.0 contracts
S Sender Co & Partners, Inc. Institution	$7.9M 691.0 contracts

Most Committed Institutions

Institutions with IGV as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Tepp RIA, LLC Institution	-	6.40% $5.6M	49.0K shares	Q2 2025 Held for 6 months	$88.1M
Anfield Capital Management, LLC Long Only Manager	David Nmn Young CEO	6.19% $21.0M	182.3K shares	Q1 2025 Held for 9 months	$338.5M
Chicago Wealth Management, Inc. RIA/Wealth	Jeffrey George Cribbs Managing Partner	5.35% $12.3M	106.7K shares	Q2 2023 Held for 2y 6m	$229.5M
Main Management ETF Advisors, LLC Institution	Kim David Arthur CEO	5.30% $136.9M	1.2M shares	Q4 2022 Held for 3 years	$2.6B
Altus Wealth Management, LLC RIA/Wealth	William Henry Doepker President	4.54% $10.3M	89.2K shares	Q4 2019 Held for 6 years	$225.8M
SFI Advisors, LLC RIA/Wealth	Andrew Chen President	4.50% $6.8M	59.2K shares	Q4 2021 Held for 4 years	$151.2M
M Migdal Insurance & Financial Holdings Ltd. Institution	-	3.97% $312.8M	2.7M shares	Q4 2015 Held for 10 years	$7.9B
C COTTONWOOD CAPITAL ADVISORS, LLC RIA/Wealth	Thomas J Pappas Managing Partner	3.96% $5.4M	47.2K shares	Q4 2021 Held for 4 years	$137.3M
SP Asset Management LLC Fund of Funds	Sandeep Pandya CEO	3.85% $48.4M	421.3K shares	Q4 2022 Held for 3 years	$1.3B
Sage Advisory Services, Ltd.Co. Long Only Manager	Jeffery Scott Timlin President	3.60% $6.6M	57.7K shares	Q2 2025 Held for 6 months	$184.2M

Hedge Fund Spotlight

Discover hedge funds investing in IGV

Bramshill Investments, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerStephen Christopher Selver

Portfolio Value: $1.5B
Positions: 150
Last Reported: Q3 2025

Sector Allocation

Position in iShares Expanded Tech-Software Sector

Market Value: $977.6K
Shares Held: 8.5K
Portfolio Weight: 0.07%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 0-5 Year High Yield Corporate Bond SHYG	ETF ETF	$376.4M	25.70%
2 iShares Preferred and Income Securities ETF PFF	ETF ETF	$197.3M	13.47%
3 iShares 20+ Year Treasury Bond TLT	ETF ETF	$143.6M	9.81%